$US Is this coin going to pull another sneak attack again? It climbed 45 percentage points in 6 hours—6 consecutive bullish candles with not a single one breaking.
Current price is around 0.0386. The 24-hour high is 0.0403, and the low was pushed down to 0.0181—so that’s more than a double in a day. Trading volume: 270 million USDT (U). This isn’t just small talk.
Open positions are about 270 million USD, and in just the last hour they added 18.7%. Money is pouring in.
From a technical standpoint, the price is currently above MA7 (about 0.0311) and MA25 (about 0.0262). The short-term moving averages are all curling upward. As long as the pullback doesn’t break the 0.031 area, the bullish structure is still intact. On the upside, the first target is that prior high at 0.0403—if it holds, that opens up new room. Downside: 0.031 is the watershed; if it breaks, then we can talk about something else.
What’s interesting is that the big-money long/short ratio is only about 0.82, and the shorts are still being kept under pressure. The funding rate is 0.0559%, which isn’t crazy either. The market is cooling off, but it doesn’t seem ready to slow down. This move feels more like the prelude to a squeeze.
At this point, I’m leaning bullish. If the pullback doesn’t break 0.031, I’ll keep looking higher, with the first target above 0.045. The risk is that chasing at the high can be a bit painful—don’t take the baton at the top.
So what do you think about this one?
Current price is around 0.0386. The 24-hour high is 0.0403, and the low was pushed down to 0.0181—so that’s more than a double in a day. Trading volume: 270 million USDT (U). This isn’t just small talk.
Open positions are about 270 million USD, and in just the last hour they added 18.7%. Money is pouring in.
From a technical standpoint, the price is currently above MA7 (about 0.0311) and MA25 (about 0.0262). The short-term moving averages are all curling upward. As long as the pullback doesn’t break the 0.031 area, the bullish structure is still intact. On the upside, the first target is that prior high at 0.0403—if it holds, that opens up new room. Downside: 0.031 is the watershed; if it breaks, then we can talk about something else.
What’s interesting is that the big-money long/short ratio is only about 0.82, and the shorts are still being kept under pressure. The funding rate is 0.0559%, which isn’t crazy either. The market is cooling off, but it doesn’t seem ready to slow down. This move feels more like the prelude to a squeeze.
At this point, I’m leaning bullish. If the pullback doesn’t break 0.031, I’ll keep looking higher, with the first target above 0.045. The risk is that chasing at the high can be a bit painful—don’t take the baton at the top.
So what do you think about this one?
